201507867 - Laserfiche WebLink

Browse

2� 15�78�7 sentences shal� not app1��o the presence, use, or starage on the Pr�per�y�f sma1� quanti�ies af Hazard�us Substan�es that art genera�ly recognzzed to be appropriate to n�rmal r�sid�ntia�uses and t�ma�ntenance of �he Prop�rty �includ�ng, �ut nfl�l�mi.ted�o, hazardous substances in consumer products}. B�rrawer shall promp��y g�v�Lend�r wri�ten natice flf�a} any�nvestigat�on, �laim, demand, Iawsu�t�r a�her a�tion by any ga�ernmental or regula�ory ag�ncy ar pri�a�e par�y in�o��ng the Proper�y and any Hazardaus Substance or En�ironmental Lav� of v�hich Bnrrow�r has actual kn�wl��lge, �b} any Environm�n�a� �onditi�n, inc�uding but nnt izmited��, an�r sp��irz�, ��aki�ag, d�scharge, r��as�or�hreat of releas�of any Hazardous 5u�stanc�, and �c} any Gond�tion cau��d b��he presence, use or rel�ase af a Ha.zard�us Substan�e which adverse�y affects the va�ue�f the Property. If Barrower Iearns, or is�zo�if�ed by any governmen�al �r re�ulatar�authority, or any prx�rate par�y, tha�any re�nova� or o�her rem�diation af an� Hazardous �u�s�ance affec��ng the Property is necessa�-�r, B�rrawer shal� pro�nptly take alI necessary rem�dia� act�o�s �n accordance�i�h Envirflxvmenta� Law. No�hing her�in sha�l create any obl�gati�n�n Lend�r for an Env�ronmenta� ��eanup. Non-Unif�rm �oWenants. Borr��r and Lender cflvenant and agr�e as follows: ��. AGcelerativn; Remedies. Lender sha��g�ve not�ce ta Borrower pr�or to accelerat�on fo��ovv�ng Borrower's breach of an�cvvenant or agr�emen��n th��Secur�ty Ins�rumen� �bu�not pr��r to acce�era��on under Sectian 1S uniess App��a��e Larv prov�des o�herwi�e}. The nat�ce Sha�I spec�fy: �a} �h�defau��; �b} �he ac�ion required ta cure�he defau�t; �c} a date, no��ess�han 3U days from the da�e the notice�s g�ven tv Borrovver, b�wh�ch the d�fau�t nlust be cured; and �d} �hat fai�ure t�cure the defau�t on or before the date specified in�he not�ce may resu�t in accel�rat�an af th�sums secured by �h�5 Security Instrument and sale of�he Property. The no�ice shai�fur�her�nform Borravver of�he r�gh��o reins�ate af�er acce�era�ion and the right to bring a court action ta assert the non-exis�ence of a defau�t�r an�other defense of B�rrower to acceleration and sa�e. If the defau�t is nat cured on�r before the date speci�ed�n the na�xce, Lender a�i�s op�i�n may require im�media�e�aymen��n fu��of all sums secure�l by this Secur�ty Instrument w�thou�further demand and may in�oke�he pavver�f sa�e and an�ather remedies perxnitted�y A�pp��ca'��e�aw, I..►e�dex s�a��ae ex��t�ed�o co��ect a��expenses incurred in pursu�ng th�remedies pro��ded in this Sec��on��, �nc�ud�ng, but na��mi�ed tv� rea5anable attorneys' fees and c�sts af�i��e evidence. If the power of sa�e�s�n�okedy Trus�ee shall record a notice of defaul�in each coun�y in wh�ch any part of the Property is��ca�ed and sha��ma��cop��s of such no�ice in�he manner prescr�bed�y App�icable Lavv ta Borrawer and to the other persflns prescr�bed by Applicab�e Law. After�he time required by App�icable Law, Trustee sha�� g��e pub��c not�ce of sale to the persons and�n the manner pres�ribed by App�xca�le Law. Trus�ee, without dernand on Borrower, shall se��he Property a�pu�lic auc�ian t�the highes�b�dder at tbe time and place and under the ternr�5 des�gna�ed in the no��e of sale in ar�e or more parce��and�n any order Trus�e�de�Qrm�nes. Trus�ee may postpone sale of aii or any parce�of the Property 1�y pub��c an.nauncement at the tirne and p�ace of any pre�iousi�sch�du�ed sa��. Lender or i�s des�gnee may purchase the Pra�er�y at any sale. Upon re�e�pt�f payment of the pr�ce b�d, Trustiee shall deliver to the purchaser Trusteets deed can�eying�he Proper�y. The rec�ta�s�n the Trus�ee's deed shali be prima facie evidence oF the�ruth of �he s�atements made there�n. Trus�ee shali apply the pr�ceeds of�he sale in�he follawing vrder: �a} �o aI��o��s and expenses of exerc�s�ng the power of sale, and the sa�e, includ�ng the paymen�of the TrustQe's fe�s ac�ua��y�ncurred and reasonable at�orneys' fees as permitted by App�ica�Ie Law; �� to a�l sun�s secured by th�s Secur��y Ins�rumen�; and (c} any excess to the person or persans Iegal�y ent�t�ed ta it. N�E3RA5KA-Single Family-Fanr�ie Mael�reddie Mac UNfF�F�M INSTRUMENT Form 3428 i101 VMP� VMPfi�NE�t13�2y WvIters Kluwer Financi�l 5er�i�eS Page�4 of'#7